Page added on September 12, 2008
(Reuters) – U.S.-Venezuela ties plunged to their lowest point in years on Friday as the superpower and one of its top oil suppliers ejected each other’s ambassadors.
The United States also imposed sanctions on Venezuelan officials, and leftist President Hugo Chavez threatened to stop selling crude to his main customer.
Here are some possible scenarios of how the relations could proceed:
STATUS QUO
Chavez could feel that for now he has gone far enough in stirring a crisis in a Venezuelan election year and may avoid escalating the dispute with any new retaliatory measures.
The United States could also calculate that fresh moves of its own would provoke Chavez to cut oil supply at a time when U.S. voters ahead of the presidential election are concerned about high oil prices.
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